Standard Chartered Scoops ‘Best Bank For Nepal’ At The Banker’s 2009 Awards
Monday 30 November 2009
The Banker magazine has awarded Standard Chartered the prestigious ‘Bank of the Year 2009’ award for Nepal. The award reflects Standard Chartered’s growth in Nepal, as a key part of our long-term strategic commitment to Asia.
The award comes on the back of a strong performance that the Bank achieved during FYE 2008/09. The Bank has rewarded its shareholders by providing a cash dividend of 50% and issued bonus share of 1 for each 2 shares held. SCB Nepal continues to be the most respected and reputed brands in the country with robust governance and compliance standards. The Bank today commands a strong share of the total market capitalisation which exceeds 10%.
Standard Chartered was also named as ‘Best Bank for Asia’ -- cementing its position as the one of the leading banking groups across Asia.
The Banker‘s Bank of the Year Awards are regarded as the industry standard for banking excellence. The winners are judged on their ability to deliver shareholder returns and to gain strategic advantage.
On winning Bank of the Year for (Country), and Bank of the Year for Asia
Sujit Mundul, Chief Executive Officer, Nepal, on winning the Bank of the Year Award for 2009 said:
“We are delighted with this win, and are excited about the future for Standard Chartered in this region. The award recognizes our strong performance over the past 12 months, and supports all our successes and efforts during the difficult operating environment.”
Jaspal Bindra, CEO Asia, Standard Chartered, added:
“We are extremely pleased to receive the Banker Award for Best Bank for Asia. Standard Chartered has been conducting business in Asia for more than 150 years. The key for us has been to remain focused on our strategy – we do business in markets we know, deal in products we understand and engage with clients with whom we have deep relationships. Our strategy has enabled us to emerge strongly from the crisis, and Standard Chartered is well positioned for growth given our presence and expertise in Asia.”